Panel studying NC govt pensions has first meeting (Associated Press)
RALEIGH, N.C. The chairman of a blue-ribbon commission examining North Carolina’s pension system for public employees says it may not be serving the needs of everyone in the government work force.
North Carolina State University economics professor Robert Clark said at Monday’s first meeting that the Future of Retirement System panel will examine all facets of government pensions and make recommendations.
The 11-member commission could look at changing work and age requirements, benefit levels and payments into the system by employees and agencies. State and local pension trustees should receive recommendations by Nov. 15.
A state worker retiring after 30 years generally can receive a monthly pension payment equal to 55 percent of the worker’s average salary over the last four years of employment.
Published Mon, Jan 25, 2010 02:58 PM
Modified Mon, Jan 25, 2010 02:58 PM
